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Not everything is peachy at the House of Mouse. As part of a multibillion-dollar cost-cutting effort that is targeting $5.5 billion of cost savings across his company, Disney CEO Bob Iger mentioned during an earnings call yesterday that approximately 7,000 workers would be getting laid off, a number that would equate to around 3% of Disney's global workforce. Disney Plus also appears to be stumbling somewhat, having lost 2.4 million subscribers between October and December 2022, according to figures found in Disney's Q1 2023 earnings report. Iger returned to lead Disney as its CEO last year after the board dismissed Bob Chapek on November 20.
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